American Electric Power Company, Inc. $AEP Shares Sold by Measured Risk Portfolios Inc.

Measured Risk Portfolios Inc. reduced its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,508 shares of the company’s stock after selling 630 shares during the period. American Electric Power comprises approximately 2.0% of Measured Risk Portfolios Inc.’s holdings, making the stock its 21st largest holding. Measured Risk Portfolios Inc.’s holdings in American Electric Power were worth $2,024,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC acquired a new stake in American Electric Power in the first quarter worth $25,000. Bank of New Hampshire acquired a new stake in American Electric Power in the first quarter worth $28,000. Bayforest Capital Ltd acquired a new stake in American Electric Power in the first quarter worth $31,000. Missouri Trust & Investment Co acquired a new stake in American Electric Power in the second quarter worth $31,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in American Electric Power in the first quarter worth $33,000. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the completion of the transaction, the director owned 40,898 shares of the company’s stock, valued at $4,443,567.70. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kelly J. Ferneau sold 1,006 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $112.00, for a total value of $112,672.00. Following the transaction, the executive vice president directly owned 5,676 shares of the company’s stock, valued at $635,712. This represents a 15.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AEP shares. LADENBURG THALM/SH SH dropped their target price on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 10th. Barclays increased their target price on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Scotiabank increased their price target on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Jefferies Financial Group decreased their price target on American Electric Power from $120.00 to $116.00 and set a “hold” rating for the company in a research note on Thursday, September 11th. Finally, UBS Group increased their price target on American Electric Power from $100.00 to $110.00 and gave the stock a “sell” rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $111.63.

American Electric Power Trading Up 0.5%

NASDAQ:AEP opened at $114.06 on Friday. American Electric Power Company, Inc. has a 1 year low of $89.91 and a 1 year high of $115.36. The stock has a market cap of $61.00 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 3.02 and a beta of 0.48. The business has a fifty day moving average of $110.87 and a 200-day moving average of $106.70. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.16. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Equities analysts predict that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 8th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $3.72 annualized dividend and a yield of 3.3%. American Electric Power’s dividend payout ratio (DPR) is currently 54.39%.

About American Electric Power

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.